Wellington Management Group LLP Decreases Holdings in LXP Industrial Trust (NYSE:LXP)

Wellington Management Group LLP trimmed its stake in LXP Industrial Trust (NYSE:LXP - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,490,014 shares of the real estate investment trust's stock after selling 160,665 shares during the period. Wellington Management Group LLP owned 0.84% of LXP Industrial Trust worth $20,219,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in LXP Industrial Trust by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 45,849,663 shares of the real estate investment trust's stock worth $372,299,000 after buying an additional 243,372 shares during the period. Aew Capital Management L P lifted its stake in shares of LXP Industrial Trust by 72.5% in the 4th quarter. Aew Capital Management L P now owns 5,815,781 shares of the real estate investment trust's stock valued at $47,224,000 after purchasing an additional 2,445,084 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of LXP Industrial Trust by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,331,857 shares of the real estate investment trust's stock valued at $43,295,000 after purchasing an additional 46,050 shares in the last quarter. Norges Bank bought a new stake in shares of LXP Industrial Trust during the fourth quarter valued at approximately $40,114,000. Finally, Frontier Capital Management Co. LLC grew its stake in LXP Industrial Trust by 9.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 4,654,081 shares of the real estate investment trust's stock worth $37,791,000 after purchasing an additional 403,301 shares during the period. Institutional investors own 93.52% of the company's stock.

LXP Industrial Trust Stock Up 0.2%

LXP stock traded up $0.02 during midday trading on Monday, hitting $8.60. The company's stock had a trading volume of 2,413,825 shares, compared to its average volume of 2,287,895. The firm's 50-day moving average is $8.08 and its 200-day moving average is $8.47. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.21. LXP Industrial Trust has a 12 month low of $6.85 and a 12 month high of $10.57. The company has a market cap of $2.54 billion, a PE ratio of 66.16 and a beta of 1.02.

LXP Industrial Trust (NYSE:LXP - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. LXP Industrial Trust had a return on equity of 2.15% and a net margin of 12.40%. The firm had revenue of $87.89 million during the quarter, compared to analysts' expectations of $84.72 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The company's revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that LXP Industrial Trust will post 0.63 earnings per share for the current fiscal year.

LXP Industrial Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend was Monday, March 31st. LXP Industrial Trust's payout ratio is presently 270.00%.

Analysts Set New Price Targets

Several equities analysts have commented on LXP shares. KeyCorp lowered their price objective on LXP Industrial Trust from $11.00 to $10.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. JMP Securities reissued a "market perform" rating on shares of LXP Industrial Trust in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.00.

LXP Industrial Trust Company Profile

LXP Industrial Trust NYSE: LXP is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions.